Prudential's Matthew Stephens examines the benefits of offshore products...
Offshore has been a ‘hot topic’ for some time. More recently we have seen consultations on both the taxation of non-domiciles and a statutory residence test. The outcomes of those are expected alongside the chancellor’s autumn statement, in November. The final rules relating to the statutory residence test could be particularly interesting – will it be more or less difficult to ‘lose’ UK residence? That could be significant when looking at investing offshore. It can be easy to lose sight of what offshore is and why it might be beneficial to certain investors. A perception that may have b...
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